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Daily: Crude oil increases on optimistic global economic data
U.S. crude oil prices boosted by 3 percent on Thursday, diminishing the premium to European Brent for a second day, following a surprisingly optimistic global economic data and supply disruptions in Africa and Iraq.
read more... 02/08/2013
British Gas to offer “free electricity” on Saturdays to its customers
Energy firm British Gas is considering offering customers “free electricity” on Saturdays, encouraging in such a way more power use at weekends when industrial energy demand is much lower.
read more... 02/08/2013
Enel Green Power profits up by over 20% in the first semester
Italy's biggest renewable energy company Enel Green Power (EGP), controlled by Italian utility Enel, has announced yesterday that in the first six month of 2013 its earnings increased by 21.7% to 269 million euros in comparison to 221 million euros in the same period of 2012.
read more... 01/08/2013
China has started importing gas from Myanmar
The China-Myanmar pipeline has started delivering natural gas to China, aiming to reduce the country’s reliance on shipping through the Strait of Malacca and will help to diversify its energy imports.
read more... 01/08/2013
Daily: German Cal' 14 settles to an eight-year low
U.S. crude oil futures closed nearly 2% higher as technical trading encouraged late-sessions gains, pushing prices to their highest monthly percentage gain in almost a year. Meanwhile, front-month U.S. crude oil futures rose $1.95 per barrel at $105.03, adding about 9 percent in July, the biggest one-month percentage increase in 11 months. The front-month premium of Brent over U.S. crude oil settled at $2.67 per barrel after trading as narrow as $2.44 and as wide as $3.74 per barrel earlier in the session.
read more... 01/08/2013